Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    217 N Randolph St Macomb, IL 61455

    Sponsored
    For Sale
    $195,000

    COMMERCIAL - Macomb, IL

    Days on Market:
    46
    Last Refresh:
    Jan 26 at 12:06 pm

    Property Features for 217 N Randolph St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B2
    APN
    11-200-037-00

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1926
    Floors in Building
    2
    Flooring type
    Carpet, Tile
    Building materials
    Brick, Stucco, Steel Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Steve Silberer

    Century 21 Purdum-Epperson, Inc. (309) 833-4577

    Listing agent Steve Silberer

    Listing date Dec 12, 2025

    MLS# PA1262781

    Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Building in Macomb, IL

    This commercial building, located just off the Macomb downtown business district, features over 2200 sq ft of office and retail space on the main level. The layout includes a reception/office area with a waiting area, six private offices averaging 13x10, a kitchenette/break room, and two half baths. The property also has potential for retail use. The upper level contains a 20x17 room with windows overlooking the park, previously used as an office. Additionally, there is a 780 sq ft apartment, configured as a one-bedroom loft with a large living room, kitchen, bath, and walk-in closet. The front office area could be converted into an additional bedroom, offering income potential. The property is zoned B2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reusch Butler & Associates ... Tax Preparation Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Macomb
    County
    McDonough
    State
    Illinois
    Longitude
    -90.669919
    Latitude
    40.460527

    Nearby Similar for Sale

    • $205,000
      3,780 SF

      Mixed-Use Commercial Building on Square

      Well-maintained mixed-use building on Macomb's historic downtown square.
      11 East Side Sq, Macomb, IL 61455
      View Details
    • $279,000

      Seven-Unit Apartment Building Near WIU

      Seven-unit apartment building near WIU with income potential.
      605 W Orchard St, Macomb, IL 61455
      View Details
    • $895,000
      1.20 Acres

      Commercial Property Near Retail Hub

      Commercial property with frontage near major retail stores.
      1719 E Jackson St, Macomb, IL 61455
      View Details
    • New
      $199,000
      Pending

      Macomb Historic Courthouse Square Building

      Commercial building with restaurant/bar space and loft apartment.
      2 W Side Sq, Macomb, IL 61455
      View Details
    • $209,000

      Downtown Macomb Commercial Building For Sale

      Commercial building in historic downtown Macomb with multiple spaces.
      20 W Side Sq, Macomb, IL 61455
      View Details
    • $250,000

      Macomb Commercial Building For Sale

      Commercial building with retail, office, and shop space available.
      1120 E Jackson St, Macomb, IL 61455
      View Details
    • $294,000
      0.97 Acres

      Macomb Retail and Warehouse Space

      Commercial corner lot with retail and warehouse buildings for sale.
      1508 W Jackson St, Macomb, IL 61455
      View Details
    • $179,000

      Macomb Triplex Near WIU

      Triplex near WIU with rental income potential.
      601 W Orchard St, Macomb, IL 61455
      View Details
    • $256,000

      Macomb Triplex Near WIU

      Triplex near WIU with potential for additional units.
      1613 W Adams St, Macomb, IL 61455
      View Details
    • $130,000

      Macomb Duplex Near WIU

      Duplex built in 2006 with two 2-bedroom units.
      303 W Adams St, Macomb, IL 61455
      View Details
    • $199,000

      Spacious Office Building For Sale

      Single-story office building with ample parking in high-traffic location.
      1034 W Jackson St, Macomb, IL 61455
      View Details
    • $1,000,000

      Macomb Industrial Property for Sale

      Industrial property available for purchase in Macomb, Illinois.
      9715 Us Highway 136, Macomb, IL 61455
      View Details

    FAQs

    What type of property is this?
    Office space - Commercial office/retail space with an apartment in Macomb, IL.
    Where is this office space located?
    The property is located at 217 N Randolph St Macomb, IL.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: - Prime commercial location just off the Macomb downtown business district.; - Main level features over 2200 sq ft of office/retail space with reception area, six private offices, kitchenette, and two half baths.; - Includes a 780 sq ft one-bedroom loft apartment on the upper level for potential rental income.
    (309) 255-3968
    Request Owner's contact information
    217 N Randolph St Macomb, IL 61455
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    217 N Randolph St
    Macomb, IL 61455
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    217 N Randolph St Macomb, IL 61455
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Steve Silberer
    Real Estate License ID: 471004172
    (309) 255-3968
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.